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If there were no income taxes the cash flows from commercial real estate investment financed with mortgage would be estimated by which of the following

  1. If there were no income taxes the cash flows from commercial real estate investment financed with mortgage would be estimated by which of the following
    1. NOI Interest expense
    2. NOI Depreciation Expense
    3. NOI - Amortized financing costs + replacement reserve
    4. NOI - Debt service*
    5. None of the above

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